We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … recent stylized facts on growth, distribution and education for the US. …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …

Development Reports, to include not only consumption, but also education, leisure, the stock of knowledge and the quality of the … hand, the stock of knowledge is twice as large, and education is four times as large. So if the true social welfare index … intensive ones, like knowledge, education, and leisure. …

This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of … education. First, the role of education in skill formation is considered and it is shown that an expansion in education will … promote growth and have beneficial distributional effects within the working class, but it will redistribute income from …

, innovations, and the advance of human knowledge-the rate of growth of capacity has slowed. The past quarter century witnessed the …

impact of these shocks on economic growth. This paper reviews the literature on macroeconomic vulnerability and finds that …

economic outcomes such as income growth, poverty and inequality indicators. Our analysis is based on microsimulations for eight …